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FxWirePro: EUR/NZD rally capped by 14-day moving average,good to sell on rally

Oct 04, 2023 22:41 pm UTC| Technicals

EUR/NZD retreated after reaching 1.7819 level on Wednesday after data showed euro zone retail sales fell much more than expected in August. The European Unions statistics office Eurostat said retail sales in the 20...

FxWirePro: GBP/NZD consolidating around 2.0530, bias is bullish

Oct 04, 2023 17:07 pm UTC| Technicals

GBP/NZD steadied around 2.0530 on Wednesday as sterling was supported by upward revision to the UK services PMI. UK data surprised on Wednesday,UK September services PMI was revised up to 49.3 vs 47.2 flash...

FxWirePro:GBP/AUD uptrend gains momentum on UK PMI upward revision, good to buy on dips

Oct 04, 2023 16:52 pm UTC| Technicals

GBP/ AUD pushed its recovery envelope from 1.9107 on Wednesday as Australian dollar came under pressure after the countrys central bank left interest rates unchanged. The Reserve Bank of Australia (RBA) kept rates at...

FxWirePro: GBP/NZD neutral in the near-term, scope for downward resumption

Oct 03, 2023 23:17 pm UTC| Technicals

GBP/NZD recovered some ground on Tuesday but gains were limed as investors focused on upcoming RBNZ Interest rate decision. Economists polled forecast the Reserve Bank of New Zealand would leave its official cash rate...

FxWirePro:EUR/NZD gives back chunk of early gains, eyes another drop

Oct 03, 2023 22:28 pm UTC| Technicals

EUR/NZD initially gained on Tuesday but rally fizzed as investors awaited RBNZ rate decision on Wednesday. The New Zealands central bank (RBNZ) will likely follow the RBA, which kept interest rates unchanged on...

FxWirePro: EUR/AUD rebounds, critical resistance lies ahead

Oct 03, 2023 19:11 pm UTC| Technicals

EUR/AUD strengthened on Tuesday as the pair rebounded from one month low after RBA held interest rates steady for a fourth month and showed no urgency to hike again. The Reserve Bank of Australia (RBA) held rates at...

FxWirePro:GBP/AUD rebounds from 2-month low following RBA's repeat hold

Oct 03, 2023 17:21 pm UTC| Technicals

GBP/ AUD rebounded from two-month low on Tuesday as Australian dollar came under pressure after the countrys central bank left interest rates unchanged. The Reserve Bank of Australia (RBA) kept rates at 4.1% after its...

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Economy

South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom

South Africa is keen to make use of potential new European Central Bank (ECB) repo liquidity lines, according to central bank governor Lesetja Kganyago, as the country continues to navigate easing inflation and a gradual...

Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength

Russian stocks finished the latest trading session on a mixed note, with the MOEX Russia Index closing flat as gains in select blue-chip shares were offset by losses in others. At the close of trading in Moscow, the...

China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices

Chinas central bank has continued to strengthen its gold reserves, extending its buying streak to a 15th consecutive month in January, according to the latest data released by the Peoples Bank of China (PBOC). The move...

Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal

President Donald Trump has signed a landmark executive order removing the 25% penalty tariff on Indian goods, signaling a major shift in U.S.India trade relations and global geopolitical alignment. The move functions as...

Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran

U.S. President Donald Trump has signed a new executive order that could impose tariffs of up to 25% on countries that continue to do business with Iran, marking a significant escalation in Washingtons pressure campaign...

Politics

Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges

A federal grand jury has returned an indictment against a 33-year-old Ohio man accused of threatening to kill U.S. Vice President JD Vance during the vice presidents visit to the Ohio region in January, according to the...

New York Legalizes Medical Aid in Dying for Terminally Ill Patients

New York has officially joined a growing number of U.S. states allowing medical aid in dying after Governor Kathy Hochul signed landmark legislation into law on Friday. The new New York medical aid in dying law permits...

Trump Says “Very Good Talks” Underway on Russia-Ukraine War as Peace Efforts Continue

U.S. President Donald Trump said on Friday that very good talks are ongoing regarding Russias war in Ukraine, signaling potential movement in long-running diplomatic efforts to end the conflict. Speaking briefly to...

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....